The new crown pneumonia epidemic in 2020 will have a severe impact on Chinas consumption. Against this background, what is the growth trend of Chinas consumption in the next 5 to 10 years? What important changes will occur in the consumption structure? What role does consumption play in building a new dual-cycle development pattern? What structural contradictions and reform tasks do we face in promoting consumption in an all-round way? In this regard, combining previous research and adapting to the needs of the new development stage, our institute has formed a 2020-2021 annual reform research report with the theme of Chinas consumption, made research and analysis on the above issues and put forward relevant policy suggestions.